With 80 workbays and over 130 technicians, Seongdong Service Center reigns as largest among auto importers in S. Korea

SK Energy, a leading oil company under SK Innovation, said Sunday it has opened the country's first hydrogen charging station for large cargo trucks in Ulsan, an industrial city on the southern coast. With the charging capacity of 80 kilograms per hour, the hydrogen fueling station can charge 16 passenger cars per hour or 40 large trucks a day. Of the 7 billion won ($5.3 million) joint investment with the Korean government and Ulsan city, SK Energy shelled out 1.3 billion won to build a 1

The average unit price for Korean car exports hit an all-time high of $21,276 last year, thanks to the popularity of ecofriendly cars and recreational vehicles, data from the Korea Automobile Manufacturers Association showed Sunday. The price is a 40.5 percent jump from $15,147 in 2017. Last month, the average unit price reached $22,515. In 2022, the auto export volume surged on-year by 12.7 percent to 2.3 million units, while the total export price jumped 18 percent to $48.9 billion. The figu

The Ioniq 6, Hyundai Motor Company's all-electric vehicle, took home the World Car of the Year honor at the award ceremony held at the New York International Auto Show on Wednesday. The victory marked the second consecutive win for the carmaker after its predecessor, the Ioniq 5, was given the same award a year ago. The Ioniq 6 also won the World Electric Vehicle and World Car Design of the Year, given by a jury of 100 automotive journalists from 32 countries.

Korean Air said Wednesday it is resuming services to four major destinations in Europe by late April. After a three-year hiatus due to the COVID-19 pandemic, the airline has resumed flights to Prague and Zurich since March 27, while those for Istanbul and Madrid are set to be resumed from April 24. Each route will have three flights per week. The four cities are among the most popular tourist destinations in Korea. Prague in eastern Europe is home to many UNESCO world heritage sites. Zurich, the

Korean battery maker secures critical material in African country to cope with US, EU-first acts

Hyundai Motor Group won two awards at Newsweek’s World’s Greatest Auto Disruptors awards held Tuesday. Chief Creative Officer Luc Donckerwolke (right) was named the disruptor designer of the year, while Genesis House New York, a flagship luxury showroom, won the disruptor marketing of the year award. Last year, Executive Chair Chung Euisun was given the top visionary of the year award.

Despite pandemic disruptions, Korean Air posts record sales in 2022

Masta Electric Vehicle on Tuesday signed a partnership with the Korean federation of small and medium business (SME) groups to support SME owners and expand its presence in the market. The two sides inked a memorandum of understanding at Masta Electric Vehicle’s exhibition booth at the Seoul Mobility Show held at Kintex in Gyeonggi Province. Representing some 20 SME groups and their 7 million members nationwide, the SMEs federation bought 400 units of Masta Him, the automaker’s small

In surprise meeting with Hyundai Motor chief, KG chairman hints at tapping into niche markets

Genesis, Hyundai Motor Group's premium auto brand, unveiled its first coupe sports utility vehicle -- GV80 Coupe Concept -- at the Genesis House in New York on Monday. The carmaker said the GV80 Coupe Concept is developed to fit various lifestyles by combining practicality and sportiness based on the design philosophy of athletic elegance.

Incheon Airport said Monday that it is expecting to turn a profit in the first quarter this year for the first time in nearly three years, largely driven by increased management efficiency and the gradual recovery of international travel. The exact earnings will be made available after mid-April, the airport said, adding that they are highly likely to see a profit, considering the January and February earnings as well as the estimated passenger revenue in March. Following the outbreak of the

South Korean shipyard Samsung Heavy Industries Co. said Monday it has bagged a 674.5 billion-won ($517 million) order to build two liquefied natural gas carriers for an Asia-Pacific shipper. Samsung Heavy said in a regulatory filing that it will deliver the vessels to the undisclosed shipping company in stages by November 2026. So far this year, Samsung Heavy has clinched orders worth some $2.5 billion, or 26 percent of its 2023 target of $9.5 billion. In early January, Samsung Heavy obtained a

Korean unit sets record sales in 2022

German automaker’s latest sports activity vehicle dons 643-horsepower plug-in hybrid powertrain